Crude Oil - Buying continues in WTI Crude oil

Monthly: A reverse head & shoulders formation has been confirmed and price action is strong. The measured move target is near $85.00. The 50% fib retracement is currently capping the upward move. Weekly: Prices remain contained within a bullish channel formation. There is no sign of the move higher slowing. Further upside is expected ...

2018-04-20 Ian Coleman Read more
FX Week Ahead 27.11.17

FX Week Ahead 27.11.17 Economic data next week will be focusing on the U.S. inflation figures amid a rather slow week. Traders will also focus on the confirmation hearing for the proposed Fed Chair, Jerome Powell. His nomination is expected to pass without any surprises. The U.S. tax reforms vote will also be held next week putting most of ...

2018-03-12 John Benjamin Read more
VIENNA, AUSTRIA, DECEMBER 19, 2015: view of the main lobby of the OFID - OPEC fund for international development

The main question everyone asks nowadays is why are crude oil prices falling? Many traders are asking the same question over and over again, and so far, there is no logical answer for such question. If you are reading this article and you are asking it too, you might get the right answer, even if you can't agree with it. Despite the fact that ...

2017-08-30 Nour Eldeen Al-Hammoury Read more
OPEC_Crude Oil

Oil traders are on the sidelines as the markets edge closer to the November 30th OPEC meeting. Oil ministers of the OPEC member nations will meet in Vienna next Wednesday, November 30, 2016, where a deal to cut oil production is high on the agenda in a bid to stabilize oil prices. It would also formalize the informal agreement to limit productio...

2016-11-25 John Benjamin Read more
Putin_ oil prices

Crude oil prices posted three straight weeks of gains reversing off the lows near $43.40 and thus marking the completion of the head and shoulders pattern that the readers were first alerted to back in August. The current rally in oil prices is well supported by the fundamentals. The EIA's weekly crude oil inventory report showed 5 weeks consec...

2016-10-13 John Benjamin Read more
Crude Oil

Crude oil futures contracts for October delivery closed  at $44.85 a barrel yesterday, losing over 3.30% on the day as the US Energy and Information Administration (EIA) data showed a second consecutive week of build-up in US crude oil inventories. After inventories increased by 2.5 million barrels two weeks ago, the week ending August 26 saw a...

2016-09-01 John Benjamin Read more